Homes for sale - 678 County Road 1235, Savoy, TX 75479

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Envision Realty Group

info@envisionregrp.com +1(254) 300-9933

$ 2,300,000

Est. payment | -/mo

64.58 Acres Lot

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$ 2,300,000

Est. payment | -/mo

Save Virtual Tour

64.58 Acres Lot

Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

Subdivision Charles Cantrel

MLS Listing ID 21013110

HOA Y/N No

Year Built 1989

Annual Tax Amount $4,495

Lot Size 64.575 Acres

Acres 64.575

Property Sub-Type Unimproved Land

Property Description

RV Park, Flex Office or Manufactured Home opportunity with no zoning restrictions! The tract is a distinctive land opportunity located at the northeast corner of FM 1235 and Hwy 82 in Savoy, Texas. This property spans roughly 64.575 acres, showcasing 770 feet of frontage on Hwy 82, and includes a residence currently under a leasing agreement. Thanks to an agricultural exemption, Savoy 82 enjoys a reduction in tax liability, making it an even more attractive investment. Situated just 59 miles north of Dallas, the site is within a 45-minute drive of a workforce exceeding 550,000, offering substantial accessibility and potential for various development projects and investment potential. Given its position outside city limits, the property comes with few use restrictions, presenting a versatile opportunity. The proximity to Bonham, just 8 miles east, with a population of 27,000 and the recently opened Bois d'Arc Lake, hints at a vibrant area on the cusp of growth, expected to generate around 2,400 new jobs. Furthermore, being 11 miles from Sherman, a city with a population of 45,000 and undergoing massive expansions such as the Texas Instruments Chip Manufacturing Facility and Globitech's $5 billion expansion, indicates a region brimming with economic activity and potential. These developments are anticipated to create thousands of jobs, reinforcing the area's economic base. Additionally, the recent announcements from Hard Rock Hotel and Margaritaville Resorts about establishing locations on Lake Texoma, merely 35 miles north, suggest an increase in tourism and leisure opportunities, further enhancing the property's appeal. Savoy 82 is not just a piece of land; it's a gateway to a myriad of development possibilities, fueled by the surrounding economic expansions and the increasing appeal of the region.

Location

State TX

County Fannin

Zoning Savoy ETJ - No zoning restrictions

Direction Head East on Highway 82 from Sherman, Property will be 5 miles past Highway 69 on your left.

Interior

Fireplace No

Exterior

Utilities Available Electricity Available, Septic Available, Water Available

Water Access Desc Community/Coop

Present Use Agricultural

Building

Lot Description Acreage, Agricultural

Sewer Aerobic Septic

Water Community/Coop

Schools

Elementary Schools Savoy

Middle Schools Savoy

High Schools Savoy

School District Savoy Isd

Others

Tax ID 000000073261

Virtual Tour https://www.propertypanorama.com/instaview/ntreis/21013110

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(254) 300-9933

info@envisionregrp.com

678 County Road 1235 Savoy, TX 75479